What’s Next: Crypto ETF Boom Coming Soon? SEC May Speed Up Approval Process
SEC Likely to Approve More Crypto ETFs Soon
The U.S. Securities and Exchange Commission (SEC) seems ready to approve more spot crypto ETFs — including ones for Solana (SOL), XRP, and Dogecoin (DOGE). A new framework is being discussed that could make the approval process faster and simpler.
Over the past few months, several companies have submitted proposals for crypto ETFs. Recently, the SEC responded to a proposal for a Solana ETF, asking questions about staking and technical details. According to a source, the discussions have been positive and moving forward.
"It’s not a matter of if, but when," the source said.
SEC’s Attitude Toward Crypto Is Changing
The SEC has recently become more open to crypto regulations. This shift is supported by President Donald Trump, who wants the U.S. to become the global crypto leader. He even launched his own memecoin and appointed pro-crypto leaders, including the new SEC Chair, Paul Atkins.
With this more favorable environment, many companies are now rushing to launch various crypto ETFs.
Gregory King, CEO of Osprey Funds, said during a live discussion that the SEC now has a more crypto-friendly tone.
"They’re not going full memecoin like the president, but they’re supporting business, innovation, and crypto," King said.
His company recently launched the first-ever staked crypto ETF, called the Rex-Osprey SOL + Staking ETF. It uses a special legal structure that allows staking rewards to be taxed inside the fund before being paid out to investors.
Approvals Are Happening in Stages
The SEC has already approved some ETFs, like a mixed crypto fund from Grayscale (80% Bitcoin, 11% Ethereum, and smaller amounts of SOL, Cardano, and XRP). However, that approval was temporarily paused for further review.
The SEC seems to be moving step-by-step:
- Approving Bitcoin ETFs
- Then Ethereum ETFs
- Then mixed ETFs (Bitcoin, Ethereum + other tokens)
- And finally, ETFs for other individual tokens like SOL or DOGE
New Rules May Speed Up Future Approvals
Reporter Eleanor Terrett revealed that the SEC is working on a new universal listing framework to make it easier to launch crypto ETFs. Right now, launching a new ETF requires filing a form (19b-4) and waiting up to 240 days.
The new rules would let exchanges like NYSE, Nasdaq, and Cboe approve ETFs directly — if they follow specific standards. These standards could include:
- Market size
- Level of decentralization
- How tokens are distributed among users
The goal is to protect investors while also supporting innovation.
A crypto firm called 21Shares, which has filed for SOL and XRP ETFs, said that if this framework is approved, it could greatly reduce delays and confusion.
Big Approvals May Come Soon
James Seyffart, an ETF analyst at Bloomberg, said the draft rules may be released this month, and the new system could launch by September or October.
"Once that happens, the floodgates will open for more crypto ETFs," he said.
Seyffart and fellow analyst Eric Balchunas estimate there’s a 95% chance the SEC will approve ETFs for SOL, XRP, and Litecoin, and a 90% chance for Dogecoin, Cardano, and Polkadot.
